Interim Report for Duni AB (publ) 1 January – 31 March

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Apr 24, 2015 at 2:00 AM

Interim Report for Duni AB (publ) 1 January – 31 March 2015

Strong first quarter 1 January – 31 March 2015 · Net sales amounted to SEK 1,046 m (921). Adjusted for exchange rate changes, net sales increased by 7.3 %. · Operating income increased by more than 50%, from SEK 73 m to SEK 112 m. · Earnings per share, after dilution amounted to SEK 1.57 (1.09). · Improvement within all business areas with the exception of Materials & Services, where production of hygiene products was discontinued at the end of the quarter. · The net debt continues to decline thanks to a positive cash flow. Key financials SEK m 3 months 3 months 12 months 12 months January- January- April- January- March March March December 2015 2014 2014/2015 2014 Net sales 1 046 921 4 374 4 249 Operating income1) 112 73 514 475 Operating margin1) 10.7 % 7.9 % 11.7 % 11.2 % Income after financial items 99 69 467 437 Net income 74 51 342 319 1) For bridge to EBIT, see the section entitled “Operating income - Non -recurring items”. CEO’s comments “The first quarter was strong and included a historic increase in net invoicing and operating income. Growth was recorded of approximately 14%, with net invoicing of SEK 1,046 m (921). Operating income for the quarter increased to SEK 112 m (73) and the operating margin strengthened to 10.7% (7.9%). The net debt at the end of the quarter was SEK 836 m. Since the beginning of 2013, the Company has enjoyed a positive earnings and sales trend. The improvement has been achieved through structural measures (acquisitions and divestments) and greater internal efficiency. During the period, we have also experienced a volatile currency situation, with a weaker Swedish krona having a positive effect on earnings, while an ever stronger USD has had a negative impact on our raw materials costs. With the closure of the hygiene products business, the structural effects will diminish during the second quarter of 2015. As from the third quarter, the structural effect will become somewhat negative compared to last year; the acquired Paper+Design will then have been part of Duni for more than 12 months, at the same time as the hygiene product operations will be phased out entirely. Delivery capability during the quarter was good and all business areas (with the exception of Materials & Services) demonstrated growth and an improvement in earnings compared to last year. In the Table Top business area, net invoicing increased to SEK 513 m (477). The quarter started relatively weak but followed up by a strong finish, among other things with an increased share of premium sales contributing to an improved product mix. Western Europe demonstrated solid growth, while sales in Central Europe and the Nordic region were in line with last year. Operating income increased to SEK 78 m (64) and the operating margin strengthened to 15.2% (13.3%). The Meal Service business area continues to grow faster than the overall market. Net invoicing increased to SEK 136 m (123) and operating income increased to SEK 2 m (-1). Strong growth in Central Europe, together with a successful focus on customized and environmentally adapted product concepts, has continued to have a positive impact on both sales and earnings. The Consumer business area continues to contribute to a significant increase in sales as a consequence of the acquisition of Paper+Design. Net invoicing for the quarter increased to SEK 276 m (157), while operating income improved to SEK 24 m (6). The operating margin strengthened to 8.6% (3.6%). Parallel with the acquisition, we are witnessing strong growth in Duni’s consumer operations. For example, certain important markets such as the Nordic region and Germany are demonstrating growth in excess of 10%, at the same time as our design initiatives are generally developing extremely positively. Within New Markets, Russia remains challenging, although a degree of stability was achieved during the quarter. Sales were initially weak, but the quarter closed with sales measured in local currency ending on the same level as last year. Sales for the business area as a whole amounted to SEK 47 m (43) and operating income increased to SEK 3 m (-3). Within Materials & Services, the manufacture of hygiene products ceased at the end of March and the coming quarter will include only very limited final invoicing. The process of consolidating continued production in Skåpafors is proceeding and the transition is to be completed in full during the fourth quarter of the year. Net invoicing for the quarter fell to SEK 74 m (120) and operating income to SEK 4 m (7). All in all, the quarter includes a series of improvements and the strong start to the year gives us good reasons to continue to invest in growth, attractiveness and efficiency” says Thomas Gustafsson, President and CEO, Duni. :: Additional information is provided by: Thomas Gustafsson, President and CEO, +46 40 10 62 00 Mats Lindroth, CFO, +46 40 10 62 00 Tina Andersson, Corporate Marketing & Communication Director, +46 734 19 62 24 Duni is a leading supplier of attractive and convenient products for table setting and take-away. The Duni brand is sold in more than 40 markets and enjoys a number one position in Central and Northern Europe. Duni has some 2,100 employees in 18 countries, headquarters in Malmö and production units in Sweden, Germany and Poland. Duni is listed on NASDAQ Stockholm under the ticker name “DUNI”. ISIN-code is SE 0000616716. www.duni.com

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

CashorTrade and Front Gate Unite for Ticket Resale

Big News for Festival Enthusiasts Imagine the scene: you've snagged tickets to the hottest festival of the year—maybe Lollapalooza or Austin City Limits—but life throws a curveball, and you can't go. That's where CashorTrade and Front Gate Tickets come in, forming a dynamic duo for festival-goers who need to swap tickets at face value. It’s like a lifeline for every...

Apollo Scooters Reveal the Truth About Winter Range Loss

When the mercury dips, how far can your electric scooter really take you? Apollo Scooters has put some meat on the bones of this question, digging through over half a million rides to bust the myth that chillier days chop your scooter's range by half. Reality Check on Winter Range Loss For years, folks have griped that cold weather slashes electric vehicle range by a...

Legacy of Professor Raymond Yukna: A Laser Pioneer

End of an Era in Periodontology For those of us who have a stake in the world of dental technology, today hangs heavy. We talk about innovators, pioneers, and game-changers all the time, but Dr. Raymond A. Yukna wasn't just another name on that list - he was the list. The guy practically wrote the book on modern periodontal therapy. With his passing, we're not just saying...

Blue Moon Metals Scraps Major Acquisition Plan

Blue Moon Metals' Acquisition Detour Blue Moon Metals Inc. (NASDAQ: BMM), a name that's been stirring up chatter for its ambitious mining ventures, has waved goodbye to its planned acquisition of 33 U.S.-based tungsten and antimony projects. This move, announced on October 30, 2026, may have caught some investors off guard. The acquisition sounded like a good fit: a...

Co-op Giants Earn $309B: Key Players Spotlighted

Co-ops Punch Above Their Weight Forget the tired stereotypes about co-ops as small-time players. The NCB Co-op 100® Report lands like a punch with a staggering revelation: $309 billion in revenue for 2025. That's no small potatoes, and it shows these cooperatives, sprinkled across agriculture, finance, and beyond, are no shy creatures—they're major contenders in...

Reynolds Launches Holiday-Themed Snowflakes Foil

Festive Foil for Holiday Creativity Well, just like that, Reynolds Wrap® is sprinkling some holiday magic into kitchens across the country. They're rolling out this limited-edition Snowflakes Fun Foil®, and it's not just aluminum with a pretty design—it's a tool for all those holiday-driven projects and gatherings. It's that time of year when the air hums with the...

Gildan Investors on Edge Amid Allegations and Lawsuit

Another Market Flash: Gildan Enters Rough Waters New Orleans has put a spotlight on Gildan Activewear, and not in a flattering way. We're talking about that precarious position corporations sometimes find themselves in when their dirty laundry gets aired out for the public to scrutinize. ClaimsFiler, the service urging shareholders to come forward, reminds folks that the...

Gastops and Bell: A New Era in Aerospace Collaboration

Gastops and Bell Seal a Forward-Looking Deal Who would've thought Gastops and Bell, two juggernauts in their respective fields, would link arms to drive the aerospace game forward in Canada? That's right, a Memorandum of Understanding (MOU) was inked between these titans at the 2026 Canadian Aerospace Summit, paving the way for collaboration on future programs. This isn't...

Pudu Robotics Eyes Robust Growth from New German HQ

Pudu Robotics Solidifies European Expansion with New HQ There's a new sheriff in Neuss, Germany, and it's not wearing a cowboy hat—it's stocked with commercial robots. Yep, Pudu Robotics is planting its flag right there, aiming to supercharge its already rapid growth across Europe. From Store Floors to Hospital Halls Pudu's got some serious momentum. We're talking a...

Transforming Healthcare Leadership Through Systemic Change

Reframing Physician Leadership for Systemic Transformation Here we go, diving into some serious change-making in the healthcare sphere. If you've ever wandered through a hospital corridor, you've likely felt the tension between docs and the suits. The American Association for Physician Leadership (AAPL) is stirring the pot with a fresh book that might just be the catalyst...